The return of the Zombie-crypto currencies: this will kill that beat Bitcoin

a record, but the highest level in more than half a year. Bitcoin is by far the most popular digital coin, it accounts for 184 billion dollars of the entire mar

The return of the Zombie-crypto currencies: this will kill that beat Bitcoin

a record, but the highest level in more than half a year. Bitcoin is by far the most popular digital coin, it accounts for 184 billion dollars of the entire market.

The shows, but There is still a huge supply in addition to the flagship currency. More than $ 100 billion to distribute – now – 5.100 various crypto-currencies. Including well-known, such as Ethereum and Ripple, but also exotics such as Einsteinium (with the nice acronym EMC2) or Kick are.

So many crypto currencies like never before on the market

Many of them were hedge funds or Venture capitalists to Finance their investments. With ICO, the "Initial Coin Offering", is easier to money from investors to get as with an IPO or a bond, because the ICOs are subject to fewer regulations.

As a result, financial experts predicted because the majority of crypto currencies, primarily originated during the Boom in 2017/2018, a short life span. But they were wrong. Although 1440 currencies are entered according to the website Coinopsy since then, in fact, but today there are so many digital currencies like never before. In the past year alone, the number has doubled to more than.

1160 percent increase in just two weeks

And most of them are, surprisingly, dead bodies, and no index. Just early investors in ICOs today have an interest to increase the price of their digital currency, to be able to existing coins profitable to sell.

the rate of the above-mentioned Einsteiniums increased in January by 150 percent, and crashed in the past few days to around 50 percent. Kick made since the end of January to the beginning of this week, a Plus of even 1160 percent – and crashed since then again by 65 percent. For comparison: Bitcoin is now "only" 24 per cent higher than two weeks ago.

That should leave you now, but not immediately bizarre crypto-currencies, such as Einsteinium and Kick buy. Because, first, the movements of the past few weeks show how volatile is the business just with smaller digital coins still. A sound money system is different.

crypto-currencies such as Bitcoin to benefit the Corona-Virus

secondly, this is important, these huge gains are only possible, because most of the 5100 crypto-currencies, the current value that you need for a transaction. On its February-High to a Einsteinium cost just 0,086 dollars. It is even worse in the case of Kick: The High was 0,00064 Dollar, so the fraction of a cent. The former currency was never more than 2,58 Dollar value, the latter has never managed more than 18 cents.

all crypto are currencies by the Bank since the end of January, has to do with the global economic situation. By the Coronavirus-crisis in China, many stock markets crashed around the world. In such cases, investors were so far above all "safe harbors", i.e., crisis-proof assets, such as Gold.

Currently, investors are interested in but rather more rate of return because of security. The Cash reserves of many funds are already high enough. Crypto-currencies offer a risky, but yield rich plant.

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Updated Date: 14 February 2020, 18:00

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